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Investment in shares in a politically charged Country is for steel hearted
Fundaah
#1 Posted : Tuesday, February 23, 2010 11:19:11 AM
Rank: Elder

Joined: 11/19/2008
Posts: 1,267
Guys Im out of NSE ..till the politics in this country settles...each time I buy shares thinking they are at rock bottom or a recovery is in sight....I'm always wrong...2 to 3 days a politician utters a word and Im at a negative position....this is becoming too frustrating and I think its becoming too hard to make money at the NSE...Such a string of loses is becoming unbearable...you can easily get a heart attack...for the sake of my heart ...I'm out of NSE...

Isaiah 65:17-Look! I am creating new heavens and a new earth, and no one will even think about the old ones anymore
Chaka
#2 Posted : Tuesday, February 23, 2010 11:24:08 AM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
@Fundaah,
Pole bro/sis...we are in the same boatSad .
So,what's the alternative?
VituVingiSana
#3 Posted : Tuesday, February 23, 2010 11:26:17 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Rothschild said: Buy when there is blood in the streets...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Wa_ithaka
#4 Posted : Tuesday, February 23, 2010 11:41:38 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
The secret is not to buy on emotions. And don't invest what you can't afford to lose (an oxymoron because only the rich can't, but what it means is that don't invest what you can't afford to lose in the short-term).
In other words, buy when nobody is interested in buying e.g. last yr.
The Governor of Nyeri - 2017
guru267
#5 Posted : Tuesday, February 23, 2010 11:44:14 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@fundaah... sorry to hear about that

thats exactly why i stopped using the NSE for speculation but rather for investing..
no amount of political games can touch this strategy...
Mark 12:29
Deuteronomy 4:16
mwala
#6 Posted : Tuesday, February 23, 2010 12:25:27 PM
Rank: Member

Joined: 9/22/2008
Posts: 79
@ fund-aah
Yesterday is not today and today is not tomorrow for each day rises fresh from the hands of God bringing forth whatsoever it will.And again to want more is to be confused and great expectations make frustrated men.
2012
#7 Posted : Tuesday, February 23, 2010 12:27:56 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Fundaah wrote:
Guys Im out of NSE ..till the politics in this country settles...


I believe the people of Kenya are mature now. Stupid political utterances don't worry me anymore. They actually create opportunity to buy low from the mass migration.

BBI will solve it
:)
Wa_ithaka
#8 Posted : Tuesday, February 23, 2010 2:46:40 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
More fool you. unlike most of the developed markets, politics in Kenya is business and business is politics.
Utasomeka mpaka unjue hivyo.
The Governor of Nyeri - 2017
VituVingiSana
#9 Posted : Wednesday, February 24, 2010 3:22:59 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@2012 - I agree with wa-ithaka... In developed countries e.g. USA/UK... political 'heat' means lawsuits, words bandied about & bruised egos at most... (political violence is very rare or localized)

In Kenya (among most other developing countries)... political bad blood translates to spilt blood...

3,000 dead from political violence would be a major turning point in the USA (whose population 9x Kenya)... yet in Kenya... it is almost business as usual...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mkonomtupu
#10 Posted : Wednesday, February 24, 2010 5:40:31 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
Expect a lot of volatility between now and July as the politicians haggle over the constitution. Think long term and think of fundamentals. If you look at the NSE index over 5-10 years we are in a classic "wall of worries" when the market is looking for new direction.
i think the trajectory looks up. Look at India in in the late 1990's when they had a coalition government(BJP party) that was always fighting but they sorted that country's infrastructure and business climate. Or South Africa in 1993-1994. Long term the prospects look good.

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